VERETZ LIMITED

⚰️Wound downdissolved

SC247498 · ltd · incorporated 2003-04-09

Investment thesis

Company dissolved — not a live target.

Why interesting: Historical record only; useful for precedent research.

Why risky: Not transactable.

Opportunity decay

approaching window · 12-months

Approaching a transaction window — refinance or sale event plausible in the next 12 months.

· Oldest live charge 21.4y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Aug 2016

Net worth

—

book net assets

Opportunity

62/100

Worth a look

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch

What this business does

Primary activity: Dispensing chemist in specialised stores

Sector: Wholesale & retail

Investor take

Pass (distressed without resilience)

Distressed unclear — structural issues outweigh the discount.

Opportunity 62/100 (worth a look), bankability 80/100. Strong seller-intent signal (73/100, director aged 65). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Company dissolved. Company has been dissolved — it no longer legally exists. Any diligence here is historical only. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 21.4y

70/100

ready

Refinance conversation should be productive — structure clean and timing right.

· Oldest live charge is 21.4 years old — likely at or near maturity.
· Two lenders — manageable, but coordination required.
· Legal-friction score 15/100 — clean.

Data confidence

Overall: medium (63/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile

address, 1 SIC codes, incorporation date

100

Financials

1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed

Lenders & charges

2 charges (2/2 with lender, 2/2 with type)

Directors & officers

6 officers (1 active, 6 linked, 3 with DOB)

Ownership & PSC

No PSCs filed (unusual — worth investigating)

Director network

3 connected companies via shared directors

Filing history

54 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

62/100Worth a look

PassWatchWorth a lookStrongExceptional

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality

Concerning — overdue filings or status flags present.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Some moderate concerns — review flags.

Signal strength

100

Good data coverage for analysis.

Key financials

1 year extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Financials

Extracted from Companies House accounts · UK GAAP

Metric	2016-08-31

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

1 signal detected in this company's narrative notes — going-concern language, audit opinion, contingent liabilities, related-party transactions.

Available from the Pro tier upwards.

See pricing →

Recent activity

Last 30 days

filings

Last 90 days

filings

Last 180 days

filings

Counts from Companies House filing history.

Corporate timeline (42 events)Click to expand

2017-08-08
📄
gazette-dissolved-voluntary
gazette · GAZ2(A)
2017-08-08
🏁
Company dissolved
2017-05-23
📄
gazette-notice-voluntary
gazette · GAZ1(A)
2017-05-12
📄
dissolution-application-strike-off-company
dissolution · DS01
2017-04-03
📄
accounts-with-accounts-type-dormant
accounts · AA
2016-12-15
📄
mortgage-satisfy-charge-full
mortgage · MR04
2016-12-15
🔓
Charge satisfied #2
2016-05-27
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2016-01-14
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-04-14
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-01-12
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2014-05-02
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2014-01-31
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2013-06-03
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2013-05-16
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2012-10-16
📄
statement-of-companys-objects
change-of-constitution · CC04
2012-10-16
📄
resolution
resolution · RESOLUTIONS
2012-09-13
📄
appoint-person-director-company-with-name
officers · AP01
2012-09-13
📄
change-account-reference-date-company-previous-shortened
accounts · AA01
2012-09-13
📍
change-registered-office-address-company-with-date-old-address
address · AD01
2012-09-13
📄
termination-secretary-company-with-name
officers · TM02
2012-09-13
📄
termination-director-company-with-name
officers · TM01
2012-09-13
📄
termination-director-company-with-name
officers · TM01
2012-09-04
📄
legacy
mortgage · MG01s
2012-09-01
➕
MORRISON, Joyce appointed
director
2012-09-01
➖
MACKINNON, Alison resigned
secretary
2012-09-01
➖
MACKINNON, Alison resigned
director
2012-09-01
➖
MACKINNON, Donald resigned
director
2012-08-30
🔒
Charge registered #2
Lender: Santander UK PLC
2012-08-29
📄
legacy
mortgage · MG03s
2012-08-28
🔓
Charge satisfied #1
2012-06-15
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2012-04-11
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2005-01-20
🔒
Charge registered #1
Lender: The Royal Bank of Scotland PLC
2003-08-08
➕
MACKINNON, Alison appointed
secretary
2003-08-08
➖
MBM SECRETARIAL SERVICES LIMITED resigned
corporate-secretary
2003-07-10
➕
MACKINNON, Alison appointed
director
2003-07-10
➕
MACKINNON, Donald appointed
director
2003-07-10
➖
MBM BOARD NOMINEES LIMITED resigned
corporate-nominee-director
2003-04-09
🏢
Company incorporated
As VERETZ LIMITED
2003-04-09
➕
MBM SECRETARIAL SERVICES LIMITED appointed
corporate-secretary
2003-04-09
➕
MBM BOARD NOMINEES LIMITED appointed
corporate-nominee-director

Owner dependency

90/100

Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS

+Sole director: Only one active director — all governance concentrated on one person.
+Founder age: Director aged approximately 65 — succession pressure is live.

Succession & seller-readiness

88/100

Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS

primaryFounder aged 63+: Senior director is approximately 65. Approaching typical UK retirement age — succession thinking likely.
primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
secondary12+ year tenure: Director in role 14 years.
secondaryStable-but-static management: Company is 23 years old and no new directors in the last 3 years — succession not yet being planned internally.
supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 high ·

Company dissolved

high

Company has been dissolved — it no longer legally exists. Any diligence here is historical only.

Evidence: Dissolved on 2017-08-08

🔒Co-director network graph

Radial SVG graph showing every company connected via shared directors, colour-coded by status.

Available from the Pro tier upwards.

See pricing →

Similar companies

Active · Retail · G postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
OPTICAL EXPRESS (GYLE) LIMITED→ SC150432 · est 1994	£10.52M £7.89M–£13.15M	—	—	8300	32y	85	58y
AFFORDABLE GOLF LTD.→ SC350505 · est 2008	£3.72M £2.79M–£4.65M	—	—	5300	17y	87	63y
ABBEY CHEMISTS LTD→ SC323221 · est 2007	—	—	—	3900	19y	83	67y
APPLE HEALTHCARE EDINBURGH LTD→ SC339804 · est 2008	—	—	£478.1k	—	18y	83	58y
CAMERON INTERIORS LIMITED→ SC069523 · est 1979	—	—	£227.8k	—	46y	83	58y
CATHERINE'S OF PARTICK LIMITED→ SC099085 · est 1986	—	—	£1.48M	—	40y	83	78y
DUNCAN YACHT CHANDLERS LIMITED→ SC265044 · est 2004	—	—	—	500	22y	83	60y
HELENSBURGH FLOORPLAN (1983) LIMITED→ SC083345 · est 1983	—	—	—	14	42y	83	77y
HODGKINSON THE JEWELLERS LIMITED→ SC137641 · est 1992	—	—	£34.3k	—	34y	83	64y
HUNTER FURNISHINGS LIMITED→ SC295684 · est 2006	—	—	£846.0k	—	20y	83	84y
ITALIAN AROMA COFFEE LIMITED→ SC139395 · est 1992	—	—	—	11	33y	83	59y
LOMO INDUSTRIES LTD.→ SC203510 · est 2000	—	—	£1.18M	—	26y	83	58y

Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

9 specific questions generated from this company's actual signals — liquidity, leverage, director age, charge count, red flags, age-of-company.

Available from the Pro tier upwards.

See pricing →

🔒Advanced scoring suite

Exit-route ranking, improvement thesis, quiet-distress detector, covenant-pressure proxy, extraction monitor, approaching triggers, ownership drift, local cluster, value trap, debt capacity, archetype classification — 48+ scoring modules.

Available from the Pro tier upwards.

See pricing →

Company details

Statusdissolved

Typeltd

Incorporated2003-04-09

Jurisdictionscotland

Primary SIC47730 — Dispensing chemist in specialised stores

Registered office

109 Douglas Street

Glasgow

G2 4HB

Filing status

Accounts

Next due: —

Last made up to: 2016-08-31

Confirmation statement

Next due: —

Last: —

Officers (0 active · 5 resigned)

MORRISON, Joyce→

director · ~65y · appointed 2012-09-01

View their other companies + combined net worth →

Active

MACKINNON, Alison→

secretary · appointed 2003-08-08 · resigned 2012-09-01

Resigned

MBM SECRETARIAL SERVICES LIMITED→

corporate-secretary · appointed 2003-04-09 · resigned 2003-08-08

Resigned

MACKINNON, Alison→

director · ~63y · appointed 2003-07-10 · resigned 2012-09-01

Resigned

MACKINNON, Donald→

director · ~65y · appointed 2003-07-10 · resigned 2012-09-01

Resigned

MBM BOARD NOMINEES LIMITED→

corporate-nominee-director · appointed 2003-04-09 · resigned 2003-07-10

Resigned

Click a director name to see their full track record across all companies.

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:2 of 2 shown

			Type	Properties
	satisfied	Santander Santander UK PLC	Floating charge	1 property	30/08/2012	15/12/2016
	satisfied	Lloyds Banking Group The Royal Bank of Scotland PLC	Bond & floating charge	1 property	20/01/2005	28/08/2012

Recent filings (54 total)

gazette-dissolved-voluntary

gazette · GAZ2(A)

2017-08-08

gazette-notice-voluntary

gazette · GAZ1(A)

2017-05-23

dissolution-application-strike-off-company

dissolution · DS01

2017-05-12

accounts-with-accounts-type-dormant

accounts · AA

2017-04-03

mortgage-satisfy-charge-full

mortgage · MR04

2016-12-15

annual-return-company-with-made-up-date-full-list-shareholders

annual-return · AR01

2016-05-27

accounts-with-accounts-type-total-exemption-small

accounts · AA

2016-01-14

annual-return-company-with-made-up-date-full-list-shareholders

annual-return · AR01

2015-04-14

accounts-with-accounts-type-total-exemption-small

accounts · AA

2015-01-12

annual-return-company-with-made-up-date-full-list-shareholders

annual-return · AR01

2014-05-02

accounts-with-accounts-type-total-exemption-small

accounts · AA

2014-01-31

accounts-with-accounts-type-total-exemption-small

accounts · AA

2013-06-03

annual-return-company-with-made-up-date-full-list-shareholders

annual-return · AR01

2013-05-16

statement-of-companys-objects

change-of-constitution · CC04

2012-10-16

resolution

resolution · RESOLUTIONS

2012-10-16